It's called digital espionage.
Chinese hackers breached the online defenses of the U.S. Chamber of Commerce last year, accessing information about its 3 million members and stealing thousands of e-mails. It was one of the boldest infiltrations ever.
Cyber attacks like this one cost the U.S. economy billions every year.
On American Morning this morning, "Popular Mechanics" senior news editor Joe Pappalardo talks about the magazine's cover story on hacks from foreign countries and explains what the possible motivations could be behind these attacks.
According to the CIA, the second biggest threat facing the U.S. today is computer hacking, with number one being a nuclear attack. Cyber warfare has become an enormous problem, with hackers targeting our satellite systems ans sensitive defense sites.
According to a report released by computer security firm McAfee, a wide-reaching hacking scheme known as "Operation Shady RAT" has possible roots in China. Among those affected: 36 corporations, 12 non-profits, 15 U.S. government agencies and 12 U.S. defense contractors were victims of the cyber attacks, according to McAfee.
On American Morning this morning, Colonel Cedric Leighton, Military Intelligence Expert and Founder Cedric Leighton Associates, and Duncan B. Hollis, Professor of Law at Temple University School of Law, explain why the threat may be coming from overseas, what information the hackers may be seeking and how we can protect ourselves from an attack.
Calling it the "most humble day of his life," Rupert Murdoch asserted yesterday that he did not know about the phone hacking at News of the World when he testified before Parliament alongside his son, James, and former News Corporation top executive Rebekah Brooks.
Paul La Monica, Assistant Managing Editor of CNNMoney.com and author of Inside Rupert's Brain, discusses his reaction to Murdoch's testimony with Kiran Chetry and Ali Velshi on American Morning today, explaining what kind of damage he thinks the scandal could have on Murdoch's media empire.
Just one day after hackers took down the website for the Murdoch-owned newspaper "The Sun," the FBI went on the offensive, arresting 16 possible cybercriminals yesterday and executing 35 search warrants throughout the U.S.
Fourteen people were arrested for their supposed connection to the hacking group "Anonymous, " which hacked PayPal after it suspended its Wikileaks account, while two others were arrested for cybercrimes linked to the LulzSec hacking organization.
Today on American Morning, Dave Aitel, President and CEO of Immunity Inc., joins Kiran Chetry to explain how dangerous these hacking groups really are and to discuss how law enforcement is attempting to address the threat they pose to online security.
On the heels of a report that media baron Rupert Murdoch may be replaced as the CEO of his own company, Murdoch is set to testify this morning before British lawmakers about allegations that journalists working for him illegally eavesdropped on thousands of people.
Murdoch's son James and Rebekah Brooks, the former editor of News of the World, are also scheduled to appear before parliament's Culture, Media and Sport Select Committee to answer questions.
Jeffrey Toobin, CNN Senior Legal Analyst, covers the hearing live today on American Morning, offering commentary during the testimony of Sir Paul Stephenson, the Acting Commissioner of the Metropolitan Police and Dick Fedorcio, the Director of Public Affairs and Internal Communication. Toobin weighs in on what's at stake for Murdoch and what the possible penalties could be for those facing testimony.